All the articles on the web from all the big networks and talking heads are still calling for a great year in the stock market based on stimulus and what is expected to be a surging consumer demand. Just look at this chart and think about that for a moment. I am not saying it can't be true. I'm just saying admire the bubble that is the S&P and what it means to go even higher. If this does not bring back memories of the dot com bubble I am not sure what will.
Yes, I know that most of those same talking heads still do not think we are in a bubble. I also know that bubbles don't really have an obvious threshold you cross to become one. The definition is generally: stock costs a lot more than it’s worth. In this debt based economy that we built since 2009, I am not sure how you value a stock's price relative to a companies value. I do know that trillions of dollars of investment money need a home and as long as the FED forces interest rates low to help support even more debt, then you have to assume stock prices can still go up.
Black line is the 200 day sma.
21, 50, 100, and 200 day sma
Any how, hope you enjoy the chart.
Cheers.
Yes, I know that most of those same talking heads still do not think we are in a bubble. I also know that bubbles don't really have an obvious threshold you cross to become one. The definition is generally: stock costs a lot more than it’s worth. In this debt based economy that we built since 2009, I am not sure how you value a stock's price relative to a companies value. I do know that trillions of dollars of investment money need a home and as long as the FED forces interest rates low to help support even more debt, then you have to assume stock prices can still go up.
Black line is the 200 day sma.
21, 50, 100, and 200 day sma
Any how, hope you enjoy the chart.
Cheers.
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